Singapore Trade September 2016

Singapore

Singapore: Exports fall in September

In September, non-oil domestic exports (NODX) dropped 4.8% from the same month last year, deteriorating from August’s flat result. The result slightly overshot market expectations of a more severe 5.0% decrease.

September’s reading resulted from contractions in seven out of the country’s top ten export markets—all except South Korea, Hong Kong and the EU. It reflected a sharper contraction in shipments of electronic NODX and a swing from expansion to contraction in exports of non-electronic products. Exports of electronic products shrank 6.6%, which followed the 6.0% contraction seen in the previous month. Meanwhile, non-electronic exports decreased 4.0%, which contrasted August’s 2.7% growth.

On a month-on-month seasonally-adjusted basis, exports expanded 2.4% in September, which contrasted August’s 1.9% drop.

FocusEconomics Consensus Forecast panelists see overall nominal exports falling 6.2% in 2016, which would bring exports to a total of USD 354 billion. For 2017, the panel foresees exports growing 3.6% and reaching a total of USD 366 billion by the end of the year.


Sample Report

Looking for forecasts related to Trade in Singapore? Download a sample report now.

Download

Singapore Trade Chart


Singapore Trade September 2016

Note: Year-on-year and seasonally-adjusted month-on-month variation of non-oil domestic exports in %.
Source: Statistics Singapore (Singstat) and International Enterprise (IE) Singapore and FocusEconomics calculations.


Singapore Economic News

  • Singapore: Inflation stable in March

    April 24, 2017

    In March, consumer prices in Singapore stayed flat over the previous month, matching February’s reading.

    Read more

  • Singapore: MAS leaves policy band unchanged at April meeting

    April 20, 2017

    At its first scheduled semi-annual meeting of 2017, which took place on 13 April, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.

    Read more

  • Singapore: Economy contracts in Q1

    April 20, 2017

    Singapore’s economy returned to contraction in the first quarter of 2017, although the result was strongly influenced by base effects as a result of Q4’s impressive expansion, and by the traditional volatility of the country’s GDP figures.

    Read more

  • Singapore: MAS leaves policy band unchanged at April meeting

    April 19, 2017

    At its first scheduled semi-annual meeting of 2017, which took place on 13 April, the Monetary Authority of Singapore (MAS) decided to leave the rate of appreciation of the Singapore dollar nominal effective exchange rate (S$NEER) policy band unchanged at zero percent.

    Read more

  • Singapore: Exports grow for fifth consecutive month in March

    April 17, 2017

    In March, non-oil domestic exports (NODX) in Singapore grew a robust 16.5% from the same month last year, recording the fifth consecutive month of expansion but nevertheless losing some steam from February’s 21.1% jump.

    Read more

More news

Search form